Questions

Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Q:

Which   one   of   the   following   intellectual property rights is protected without making any registration?

A) Copyright B) Patent
C) Industrial design D) Trademark
 
Answer & Explanation Answer: C) Industrial design

Explanation:

Registration  for  Industrial  design  is not made.  For instance,  if Coca Cola is  making  bottle  for  soft  drink  then Pepsi  can  also  make  same  designed bottles for its own soft drinks.

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Q:

An object having a mass 'm' moving with a velocity 'v' possesses a kinetic energy 'K'. If its velocity is doubled, its kinetic energy will become:

A) K/2 B) 2K
C) 4K D) K/4
 
Answer & Explanation Answer: C) 4K

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Q:

In Microsoft Word, ____________ can be used to decide on the spacing between lines of a paragraph.

A) Alignment B) Effects
C) Indentation D) Line spacing
 
Answer & Explanation Answer: D) Line spacing

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Q:

The Leader of which country has been given a title of “General secretary” of the ruling Workers’ Party?

A) North Korea B) Vietnam
C) Thailand D) China
 
Answer & Explanation Answer: A) North Korea

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Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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